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"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Thursday, September 8, 2011

Germany's PIIGS Role: Q&A With Gary Becker

Germany's PIIGS Role: Q&A With Gary BeckerTheStreet.com
We interview Gary Becker, Nobel Prize-winning economist at the University of Chicago, to understand some of the political and economic implications of the European financial crisis. Q1: What is your opinion on the loans made by German banks to the ...

EU Centered Credit Crisis ContinuesSeeking Alpha
The 2011 Credit Crisis continued Tuesday with the Stoxx Europe 6000 index hitting a two-year low, the Swiss taking desperate measures to control the franc, more record high prices for credit default swaps (bond insurance) on British Banks and yields on ...

Jeld-Wen faces default deadlineBizjournals.com
As it tries to sell $575 million in bonds, troubled Klamath Falls-based window and door manufacturer Jeld-Wen Inc. is also facing a tight deadline to avoid defaulting on a half-billion dollars in bank loans. According to The Oregonian, an analysis by ...

Obama and Romney mostly agree on taxesWashington Post (blog)
Morgan Stanley says the question isn't whether governments will default. It's how they will default. The IMF says there's no reason any governments should default, and makes an interesting point on the difference between primary-deficit problems and ...

Report Says Death of Euro Will Lead to DoomsdayThe New American
The report reads: Were a stronger country such as Germany to leave the Euro, the consequences would include corporate default, recapitalization of the banking system and collapse of international trade. If Germany were to leave, we believe the cost to ...

County fiscal crisis moves on brisklyMuncie Star Press
By the end of this day, financial reality surely will have sunk into the heads of elected officials of Delaware County. The Delaware County Council on Tuesday started two afternoons of 2012 proposed budget reviews for all county departments. ...

Austerity vs. defaultHargreaves Lansdown
However, it should be remembered that before the euro zone crisis took hold, one developed nation chose default as a response to the global financial crisis - Iceland. Iceland's response to the financial crisis differed from that of most other ...

Markets: Wall Street falls as contagion fears spreadFT Adviser
Financial sector stocks lead downward movement as fears over the affect of potential writedown against eurozone sovereign debt mount. Fears over the likely affect of writedowns against eurozone sovereign debt, which plagued European markets on Monday ...

In Praise of Sovereign Default | Gold News
By Eric J.Fry
But overly indebted entities will default, just as inevitably as flying pigs will hit the pavement. The glide path of Greece's financial condition is obvious. This pig is heading for the pavement, as are all the other PIIGS nations, which is why the ...
Gold News - Gold Market Analysis...

US Postal Service on 'Brink of Default' | NC Rumors
By Michael Bowman
by Michael Bowman on September 7, 2011. One of America's oldest institutions, the U.S. Postal Service, is teetering on the edge of default and must be radically restructured. That, according to the postmaster general, who spoke on Capitol ...
NC Rumors

CRASH 2 EXCLUSIVE: WHY MERKEL WILL IGNORE GREEK ...
By John Ward
Trichet, Lagarde know that eurobank capital adequacy not enough to survive Greekdefault. The next 'Troika' review of Greek progress is due to take place this coming Sunday – the 10th anniversary of 9/11. This will show that the Athens ...
The Slog

TDIMG Inside Edition – 9/7/2011: Sharks Circling Greece (Default ...
By The Disciplined Investor (The Disciplined Investor)
At these rates, Greece should theoretically default within days or weeks. There is no way that the country will be able to pay the amounts needed to fund their borrowing needs if their debt is sold to the public. Fortunately there has been the ...
The Disciplined Investor

Harrisburg may avoid default; Pa. looks at controlReuters
Meanwhile, the state legislature is taking steps to set up a receivership to solve the city's long-term fiscal crisis. Under a bill state lawmakers hope to introduce later this month, Governor Tom Corbett would be empowered to declare a fiscal ...

US Postal Service on 'Brink of Default'Voice of America
He has also said that "crushing postal workers and slashing service will not solve the Postal Service's financial crisis." But change is needed, according to the committee's chairman, Senator Joe Lieberman of Connecticut. ...

Kazakhstan snubs banks linked to BTA defaultFinancial Times
BTA was taken over by the government in early 2009 as the global financial crisis engulfed Kazakhstan's debt-laden banks. Morgan Stanley, together with another unnamed international bank, then cited change of ownership contracts to call in a $550m loan ...